This is a promoted article provided by MyCryptoMixer
If you bought 1 bitcoin (BTC) on March 17, 2020, when the COVID-19 pandemic was roiling financial markets, you would have more than doubled your money by late July, when the value of bitcoin soared past $10,000. Some other cryptocurrency assets such as ether (ETH) and ripple (XRP) have also enjoyed favorable price outlook in recent weeks. Stock markets have shot up as well, but their performance pales in comparison to the best performing crypto assets.
Ironically, even as cryptocurrencies gain a foothold in the financial market, their great investment volatility and an increasing mistrust from centralized institutions create a strong call from governments around the world and financial institutions to implement know-your-customer (KYC) and anti-money laundering (AML) compliances on cryptocurrency investments. Although such bureaucratic measures are implemented in the best interest of protecting users of cryptocurrency platforms, they could further infringe the users’ privacy by preventing anonymity in cryptocurrency-related transactions.
Anonymity (or privacy) may seem to be of paramount importance to hackers or individuals who are engaging in illicit activities, but it is actually a critical matter to undertake for any avid cryptocurrency users. With increased anonymity, users will not be limited by regulations hindering the use of cryptocurrency, and they will also be able to enhance and maintain their privacy in the hyperconnected world that we are in today.
Understanding The Bitcoin Mixer
By properly masking your crypto transactions, you can remove the traceability of your pseudonymous Bitcoin transactions and correlation to your online data privacy in the hyperconnected world that we are living in today. Making your Bitcoin transactions untraceable could better protect you with an added level of financial privacy, and the advancement in technology has offered better measures that could protect you…